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Utilities Electric Utilities

  • PARIS, March 31- Utilities in the European Union may have to offer more flexible prices from 2020 to encourage consumers to use more electricity when supplies are abundant and cheap, according to proposed new rules, a top EU official said. But the surge in intermittent renewable energy, like solar and wind generation, has led to intraday price swings that demand a...

  • TOKYO, March 31- Power utilities are poised to steam into Japan's city retail gas market, with the over $20 billion a year sector from Saturday opening to companies beyond the regional gas firms that have typically piped the commodity into homes around the country. Increased competition in Japan's retail gas market could boost the number of firms looking to...

  • TOKYO, March 31- Power utilities are poised to steam into Japan's city retail gas market, with the over $20 billion a year sector from Saturday opening to companies beyond the regional gas firms that have typically piped the commodity into homes around the country. Increased competition in Japan's retail gas market could boost the number of firms looking to...

  • LONDON, March 31- EDF Energy has poured the concrete for some of the first permanent structures at its Hinkley Point C nuclear project site in Britain after getting the go-ahead from the nuclear regulator earlier this week, the company said on Friday. Britain's first new nuclear plant to be built in decades has been plagued by delays. However, Britain's Office for...

  • HAZELWOOD, Australia, March 31- The doors to Australia's dirtiest power station will close permanently on Friday after 50 years, amping up pressure on a government desperate to avoid the kind of embarrassing blackouts that hit chunks of the country during a recent savage heatwave. France's Engie SA is pulling the plug on the Hazelwood coal-fired power plant...

  • NEW YORK, March 29- Westinghouse Electric Co's financial distress sparked a feeding frenzy among Wall Street lenders keen to give the nuclear developer a lifeline while it reorganizes in bankruptcy, according to court papers and people familiar with the matter. Westinghouse, the nuclear arm of Japanese conglomerate Toshiba, filed for Chapter 11 bankruptcy...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. The four reactors are part of two projects known as V.C....

  • March 29- If utilities in Georgia or South Carolina decide not to complete nuclear power reactors under construction by Westinghouse Electric Co following its bankruptcy, those units would join a long list of abandoned U.S. nuclear projects. Westinghouse, a unit of Japanese conglomerate Toshiba Corp, is building two reactors for Georgia Power and partners at...

  • ABUJA, March 29- Nigeria's state oil company plans to move into power generation and transmission, its chief said in a statement on Wednesday, as the firm tries to resolve the country's long-standing power problems. Despite regularly taking the top spot among Africa's oil producers, Nigeria's power generation and electricity grid are plagued by a lack of...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Westinghouse and affiliates intend to use bankruptcy...

  • KUALA LUMPUR, March 29- Malaysia briefly prevented a North Korean ship carrying coal from entering its port in Penang because of a suspected breach of United Nations sanctions, a port worker and Malaysian maritime officials told Reuters on Wednesday. Relations between North Korea and Malaysia, which have been friendly for decades, have soured following the...

  • March 29- In the last four years, North Carolina has become the second largest solar market in the United States, behind only California. It has installed more solar energy than Texas, which has nearly three times the population; more than Arizona, which has twice as many sunny days; and more than New York, which has far more aggressive renewable energy targets.

  • TOKYO, March 29- Toshiba Corp's board has approved a Chapter 11 filing for its U.S. nuclear unit Westinghouse, the Nikkei business daily reported on Wednesday- a move that would limit losses that have plunged the Japanese group into crisis. The future of Westinghouse has already been raised in bilateral talks between Japan and the United States with Japan...

  • March 28- Electric bills in Georgia and South Carolina could rise more than customers expect if state utilities are left stranded by a Westinghouse Electric Co bankruptcy filing expected this week, consumer advocates said. U.S. nuclear developer Westinghouse is the lead contractor building two nuclear reactors each in Georgia and South Carolina, both of...

  • Southern Co. CEO: Administration setting energy policy on abundance, not scarcity

    Tom Fanning, Southern Company president, CEO & chairman, discusses the energy business under the Trump administration.

  • TOKYO, March 28- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Tuesday they had signed an agreement to integrate their fossil fuel power plants under their JERA Co joint venture. Tepco and Chubu Electric were to decide by around now, according to a timetable set up in 2015, on whether to integrate all their fossil fuel power plants.

  • TOKYO, March 28- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Tuesday they had signed an agreement to integrate their fossil fuel power plants under their JERA Co joint venture. The biggest and third-biggest of Japan's regional power utilities aim to combine the businesses in April- September 2019, overseeing nearly half the...

  • Energy Secretary Rick Perry pushed for opening Nevada's Yucca Mountain nuclear waste site in a meeting with the state's governor on Monday, but the local leader said he remains staunchly opposed to the project. Most of Nevada's politicians question the long-term safety of the site and the transportation of radioactive waste through the state.

  • Differences between Athens, the EU and the IMF over how Public Power Corp will relinquish its dominance of the Greek market are a stumbling block to concluding a bailout review that would unlock fresh loans for cash-strapped Greece. Under terms of Greece's 86 billion euro 2015 bailout deal PPC is obliged to reduce both to less than 50 percent by 2020..

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a Transportation Ministry statement said, based on allegations of "...